FiftyTwo Black Brighton

Australian Financial Review: Non-banks step up funding on Melbourne apartment projects

Non-banks step up funding on Melbourne apartment projects

Non-bank lenders have ramped up their funding of Melbourne apartment projects as developers bet on strong demand from owner occupiers for larger residences and as bank funding remains hard to secure.

In the upmarket bayside suburb of Brighton,Ā Pallas Capital is providing senior debt construction fundingĀ and Dark Horse Capital mezzanine funding for a $37 million luxury project known as Fifty Two Black featuring just four residences and one full-floor penthouse priced from $6 million to $9 million….

Read the original article at afr.com